China mulls property tax at the national congress meeting. China said a bill for a property tax is being drafted, moving a step closer to a levy that could help tame runaway home prices.
Officials are working on the measure, vice Finance Minister Shi Yaobin said in a Wednesday briefing in Beijing during the annual meeting of the National People’s Congress. Former Finance Minister Lou Jiwei told reporters that a draft bill may be reviewed by the legislature this year.
- Staff Writer APMR News
Article published on : 2018 March 15, 8:45 pm GMT+800
Article last updated : 2018 March 15, 10:55 pm GMT +800